Lycos Energy (CVE:LCX) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Lycos Energy Inc. (CVE:LCX – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$1.82 and traded as high as C$1.83. Lycos Energy shares last traded at C$1.83, with a volume of 243,267 shares changing hands.

Lycos Energy Stock Up 6.4%

The company has a market cap of C$241.29 million, a PE ratio of 26.14 and a beta of 0.16. The business has a 50-day simple moving average of C$1.82 and a 200-day simple moving average of C$1.68.

Lycos Energy Company Profile

(Get Free Report)

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.

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